OKTA exceeds average analyst target
There are 15 different analyst targets contributing to this average for Okta Inc, but the average is just that – a mathematical average. There are analysts with below average goals, including one looking for a price of $ 120.00. And then on the other side of the spectrum, an analyst has a target as high as $ 162.00. The standard deviation is $ 12,654.
But the whole reason to look at the OKTA’s average price target in the first place is to tap into an effort of “wisdom of the crowds”, bringing together the contributions of all the individual spirits who have contributed to the ultimate number, for example. opposition to what one considers a particular expert. And so with OKTA surpassing that average target price of $ 143.13 / share, OKTA investors received a good signal to spend time evaluating the company and deciding for themselves: is $ 143.13 just a stop on the way to an even higher goal, or has the valuation stretched to the point that it’s time to think about taking a few chips off the table? Below is a table showing current thinking from analysts covering Okta Inc:
|Breakdown of recent OKTA analyst ratings|
|“||Current||1 month ago||2 months ago||3 months ago|
|Strong buying notes:||ten||8||8||8|
|Strong Selling Notes:||0||0||0||0|
The average rating shown in the last row of the table above ranges from 1 to 5, where 1 is a strong buy and 5 is a strong sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the Latest Zacks Research Report on OKTA – FREE.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.